Government has indicated that the 2019 budget to be delivered by the Minister of Finance on Thursday.
A man who looks not bothered about the budget reading told GhOne news that, he and many other Ghanaians careless about the budget and whatever the Government has to do for the nation, since they keep failing.
“The best thing they have to do is to read the budget to their children, their house boys/girls and dogs at home, because there is nothing positive about the bodget. The more they read the budget, the more depressed we become.” He stated.
Let them read to their cats and dogs. We are not ready for any bodget mehn, every bodget they want to read is a….” He continued.
According to Minister of Information Kojo Oppong Nkrumah, the 2019 budget to be delivered by the Minister of Finance Ken Ofori-Atta on Thursday, November 15 will “bring more relief, hope and improvement in the standard of living of our people”.
The budget is expected to be the first post-IMF budge as the country gets ready to exit the extended credit facility (ECF) entered into in 2015.
Meanwhile, Ken Ofori-Atta has stated that the yet to be read 2019 budget will boost corporate tax mobilization in Ghana. According to the Minister, the 2019 Budget will bring to bear several initiatives that will encourage corporate entities to file their tax returns.
Addressing some corporate companies at a budget forum, Finance Minister, Ken Ofori-Atta disclosed that lots of corporate companies have defaulted in paying taxes to the tune of GH¢3bilion. He stated that most of the PAYE companies in the country have issues in paying taxes, resulting in the government losing lots of revenue.
“If we look at PAYE companies. There are about 888 of them, there is about 67 per cent (540) that are paid regularly, and then another 350 that have issues and of that about 223 are not even attempting to file their tax”, he said.
Ken Ofori-Atta added that the situation provides a challenge to the Ghana Revenue Authority to design effective methods of getting the funds for the government.
“It is either the problem is from the GRA, or I don’t understand your (companies) challenges. Because clearly, GRA needs to do better”.
Nonetheless, the Trades Union Congress (TUC) has charged the government to use the 2019 budget to reduce the rising unbearable cost of living. The union wants the government to use the budget to support the private sector to complement government initiatives to create more jobs, overhaul the exemption system, eliminate distortions and inequities in pay across public sector institutions, address challenges of pension, health care, housing, labour administration, among others. These are contained in TUC’s proposals for the 2019 budget and economic policies of the government submitted to the Finance Ministry.
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